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by perl4ever 2890 days ago
"Uber went from zero to essentially killing off taxis, despite the fact that "a car is a car".

Primarily because they don't pay as much for their fleet as a taxi service does."

Uber (and possibly other similar companies) is a huge charity for passengers funded with investment money. It's definitely premature to declare they've demonstrated or accomplished anything before they operate on a sustainable basis. I do think using a credit card an app is far superior to the way taxi businesses are traditionally run, regardless of price, but I also don't see why traditional taxis can't adopt the mechanism eventually. At some point, the bubble will burst and capital will be scarcer for a while, and things will realign.